Equities analysts expect Essential Properties Realty Trust Inc (NYSE:EPRT) to report sales of $32.05 million for the current quarter, according to Zacks Investment Research. Three analysts have made estimates for Essential Properties Realty Trust’s earnings. The highest sales estimate is $32.90 million and the lowest is $30.87 million. The business is expected to issue its next quarterly earnings report on Wednesday, August 14th.

According to Zacks, analysts expect that Essential Properties Realty Trust will report full-year sales of $133.12 million for the current fiscal year, with estimates ranging from $123.68 million to $138.67 million. For the next year, analysts expect that the firm will post sales of $160.16 million, with estimates ranging from $125.33 million to $184.66 million. Zacks’ sales averages are an average based on a survey of sell-side research firms that follow Essential Properties Realty Trust.

Essential Properties Realty Trust (NYSE:EPRT) last issued its quarterly earnings data on Wednesday, May 8th. The company reported $0.13 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.27 by ($0.14). The company had revenue of $31.11 million during the quarter, compared to the consensus estimate of $29.27 million. Essential Properties Realty Trust had a net margin of 19.25% and a return on equity of 2.40%.

EPRT has been the subject of several recent research reports. Bank of America upped their price target on shares of Armstrong World Industries from $95.00 to $108.00 and gave the company a “buy” rating in a research report on Tuesday, June 11th. Boenning Scattergood set a $21.00 price target on shares of Essential Properties Realty Trust and gave the company a “buy” rating in a research report on Friday, May 10th. Stifel Nicolaus set a $7.00 price target on shares of Endologix and gave the company a “hold” rating in a research report on Monday, April 1st. Zacks Investment Research cut shares of EXACT Sciences from a “hold” rating to a “sell” rating in a research report on Tuesday, July 2nd. Finally, ValuEngine upgraded shares of WPP from a “sell” rating to a “hold” rating in a research report on Wednesday, June 19th. Three equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $20.24.

NYSE:EPRT traded down $0.02 on Monday, hitting $20.62. The company had a trading volume of 4,921,026 shares, compared to its average volume of 658,329. The company has a debt-to-equity ratio of 0.49, a current ratio of 12.94 and a quick ratio of 12.94. The company’s 50 day moving average price is $20.53. Essential Properties Realty Trust has a 52 week low of $13.05 and a 52 week high of $21.83.

The firm also recently declared a quarterly dividend, which was paid on Monday, July 15th. Shareholders of record on Friday, June 28th were given a $0.22 dividend. This is a boost from Essential Properties Realty Trust’s previous quarterly dividend of $0.21. This represents a $0.88 annualized dividend and a yield of 4.27%. The ex-dividend date of this dividend was Thursday, June 27th.

In other news, VP Gregg A. Seibert sold 24,352 shares of the stock in a transaction on Friday, June 28th. The shares were sold at an average price of $19.82, for a total transaction of $482,656.64. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Peter M. Mavoides sold 43,891 shares of the stock in a transaction on Friday, June 28th. The stock was sold at an average price of $19.82, for a total transaction of $869,919.62. The disclosure for this sale can be found here. Corporate insiders own 2.10% of the company’s stock.

A number of hedge funds and other institutional investors have recently modified their holdings of EPRT. Rhumbline Advisers lifted its position in shares of Essential Properties Realty Trust by 59.6% during the 4th quarter. Rhumbline Advisers now owns 54,460 shares of the company’s stock worth $754,000 after buying an additional 20,341 shares during the period. PNC Financial Services Group Inc. raised its position in Essential Properties Realty Trust by 49,292.3% in the 4th quarter. PNC Financial Services Group Inc. now owns 6,421 shares of the company’s stock valued at $89,000 after purchasing an additional 6,408 shares during the last quarter. New York State Common Retirement Fund bought a new position in Essential Properties Realty Trust in the 4th quarter valued at $448,000. BlackRock Inc. increased its stake in shares of Essential Properties Realty Trust by 39.2% in the 4th quarter. BlackRock Inc. now owns 2,991,567 shares of the company’s stock valued at $41,403,000 after buying an additional 842,822 shares during the period. Finally, Bank of New York Mellon Corp increased its stake in shares of Essential Properties Realty Trust by 154.5% in the 4th quarter. Bank of New York Mellon Corp now owns 266,166 shares of the company’s stock valued at $3,683,000 after buying an additional 161,597 shares during the period. 76.07% of the stock is currently owned by institutional investors and hedge funds.

About Essential Properties Realty Trust

Essential Properties Realty Trust, Inc, a real estate company, acquires, owns, and manages single-tenant properties in the United States. The company leases its properties to middle-market companies, such as restaurants, car washes, automotive services, medical services, convenience stores, entertainment, early childhood education, and health and fitness on a long-term basis.

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Earnings History and Estimates for Essential Properties Realty Trust (NYSE:EPRT)

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